Vedanta declared successful bidder for Genjana nickel, chromium and PGE block

Vedanta Ltd, the Anil Agarwal-owned mining conglomerate, has been declared the successful bidder for the Genjana nickel, chromium and PGE block under Critical Mineral Auctions Tranche III.

The company received the confirmation letter on December 10, 2025, after fulfilling all required statutory compliances. The acquisition is expected to bolster Vedanta’s critical minerals portfolio, enhancing its capabilities in high-demand industrial metals.

Ahead of the announcement, shares of Vedanta closed at

₹529.15, up ₹4.95 or 0.94% on the NSE.

The company had last reported results on October 31. Its subsidiary, Hindustan Zinc, contributes nearly 40% of Vedanta’s earnings before interest and tax (EBIT).

Also Read: Vedanta unit shares can rise 25% from current levels, B&K Securities projects

Vedanta’s net profit for the quarter declined 39% year-on-year to ₹3,479 crore, in line with a CNBC-TV18 poll of ₹3,464 crore. The quarter included an exceptional loss of ₹2,067 crore, compared to an exceptional gain of ₹1,868 crore in the base quarter.

Segment-wise, the aluminium business posted an EBITDA of ₹5,532 crore, above the poll estimate of ₹4,750 crore. The oil and gas segment reported ₹1,029 crore, slightly below the estimate of ₹1,132 crore, while Zinc International recorded ₹373 crore against a poll of ₹422 crore.